A Reuters story claims Alphabet (GOOG, GOOGL) is doubling down on artificial intelligence to improve search capabilities. During the Tuesday Reuters NEXT conference in New York, Alphabet's president and chief investment officer, Ruth Porat, underlined the company's strategy's core reliance on artificial intelligence.
Porat said that Google Search is the company's biggest project involving artificial intelligence, and that the platform keeps changing with tools like shopping advertising in Google Lens and AI Overviews. These developments follow Microsoft (NASDAQ:MSFT)-backed OpenAI intensifying the battle with improved ChatGPTsearch capabilities.
Though artificial intelligence has great potential, problems include "hallucinations," or erroneous answers produced by AI models still exist. Porat stressed Alphabet's emphasis on improving technology and jugglinginvestments with performance criteria.
To underline the scope of its dedication, Alphabet has estimated $50 billion in capital investment for 2024 on processors, data centers, and related infrastructure to assist artificial intelligence development. Apart from artificial intelligence, Porat highlighted Google Cloud as a crucialarea of investment and spoke about the company's projects to forward medical technologies.
This article first appeared on GuruFocus.免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。